This City Councilman Turned a $50K Deal Into a Personal Payday. Now He's...
Meet the Conservative Outsider Who Wants to Bring Common Sense Back to His...
How This Small-Town Police Force Became a 'Criminal Organization'
Iranian Regime's Latest Move Shows How Desperate It Has Become
CBS News Tried to Recalibrate Detention Stats — DHS Was Having None of...
If 'The Only Thing More Powerful Than Hate Is Love' Democrats Missed the...
Elites Did Their Part to Fight Global Warming by Flying Dozens of Private...
Man Who Pushed Propaganda About a Young Gazan Boy Slaughtered By The IDF...
Harry Sisson Refuses to House Illegals in His Home, And Claims ICE Agent...
Critics Blast Katie Porter's Pre Super Bowl X Post As She Tries to...
Will We Reach 100 Days of Straight Liberal Content on the Apple News...
Immigration Win: Federal Court Sides With Trump Admin on TPS Terminations for Multiple...
Federal Judge Blocks California Effort to Demask ICE Agents
Jasmine Crockett Might Be Running the Most Incompetent Campaign in History
WaPo Claims That Bad Bunny's Profane Performance Represented 'Wholesome Family Values'
Tipsheet

Zuckerberg Loses $15 Billion in 2018...Still Has At Least $60 Billion More

"Brother, I'm a dollar away from 50 cents myself," a homeless man in Atlanta unsolicitedly advised I say in case any "bum" asked me for money. Of course, I had to give him a few bucks after that one-liner. Most people often lose large chunks of change for a variety of reasons and do find themselves in the red. But for Facebook founder Mark Zuckerberg, he'd have to lose more than 5 times the amount of money he lost in 2018 to find himself in that situation.

Advertisement

According to Time Magazine, Zuckerberg lost $15 billion in 2018, more than any of the other top 500 richest people in the entire world. 

Via Time:

Mired in controversy throughout the year, Zuckerberg’s net worth started at around $75 billion on January 2, and he’s set to finish at least $15 billion less when the year comes to a close — a greater loss than any of the other 499richest people in the world.

The Facebook founder’s 13% stake in the company makes up almost all of his fortune. Accusations of the platform’s role in Russian election interference and the mass genocide in Rohingya put a closer eye on Facebook, and the unraveling revelations of data breaches and unsavory practices at the executive level that followed led to a number of stock price drops. As the person holding the reins for the entire operation, Zuckerberg has been held accountable personally and — as the chart below shows — financially.

Advertisement
The article continues, explaining how a variety of security concerns relating to Facebook's protection of user data led to major hits in investor and advertisers confidence in Zuckerberg and the social media site. 

But, the Harvard drop out needs not to worry in case he does lose all of his money. He still has hundreds of millions in property and other assets to fall back on. 

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement